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What’s ‘woke’ got to do with the SVB Bank failure? | New Pittsburgh Courier

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by Julianne Malveaux The Silicon Valley Bank (SVB), the 16thlargest bank in the United States, failed because its leaders used poor judgment in making ill-advised investments. They invested heavily in long-term Treasury bonds that had low-interest rate returns. As interest rates rose (which meant SVB was losing money), they didn’t have the required reserves to … Continued

The post What’s ‘woke’ got to do with the SVB Bank failure? appeared first on New Pittsburgh Courier.

Source: New Pittsburgh Courier - Powered by Real Times Media

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